Eureka Acquisition Corp (EURK) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated June 29, 2026, details actions taken by Eureka Acquisition Corp, a Cayman Islands exempted company and Special Purpose Acquisition Company (SPAC). The report covers an Extraordinary General Meeting held on June 29, 2026, where shareholders approved a charter amendment to extend the deadline for completing a business combination and entered into a related trust amendment.
Key Financial Metrics and Capital Structure
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, or operating margins, as the company is in a pre-business combination phase. Key capital structure changes include:
- Share Redemptions: 2,655,132 Class A Ordinary Shares were redeemed in connection with the vote.
- Post-Vote Outstanding Shares: 733,101 Class A Ordinary Shares and 1,437,500 Class B Ordinary Shares.
- Trust Account Extension Fee: A fee of $8,253.03 per month is required to be deposited into the trust account for each monthly extension.
Material Changes Versus Prior Period
The primary material change is the extension of the business combination deadline. Previously, the company had until July 3, 2025, to complete a combination with the option to extend to July 3, 2026. The approved amendment now sets the deadline to July 3, 2026, with the option to extend up to 12 additional months, potentially until July 3, 2027. Additionally, the company's share count decreased significantly due to the redemption of approximately 78.4% of the Class A shares outstanding prior to the vote.
Guidance, Outlook, and Risks
Outlook: The company now has until July 3, 2026, to consummate a business combination, with the ability to extend this period by up to 12 months via monthly extensions.
Risks and Contingencies:
- Liquidity Risk: The Trust Amendment mandates that the Monthly Extension Fee of $8,253.03 be deposited by the 3rd day of each month starting July 3, 2026.
- Liquidation Trigger: If the fee is not paid, the company has a 30-day "Cure Period." Failure to pay during this period will result in the immediate cessation of operations and liquidation of the company.
- Auditor Change: Shareholders approved the appointment of Marcum Asia CPAs LLP as the independent registered public accounting firm for the year ending September 30, 2026.
Investor Verification Checklist
- Verify the current balance in the trust account to ensure sufficient funds for the $8,253.03 monthly extension fees.
- Confirm the exact number of shares remaining in the trust account post-redemption to calculate the implied trust value per share.
- Review the Fourth Amended and Restated Memorandum and Articles of Association (Exhibit 3.1) for specific terms regarding the extension mechanics.
- Monitor the company's ability to secure a business combination before the new July 3, 2026, deadline to avoid liquidation.